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Mixed Asian shares; Japan's Nikkei 225 drops 2.2% to 38,820.49

Ahmed Saleh

Beijing, March 11, 2024, Asian shares experienced mixed performance on Monday, according to the AP. Japan's Nikkei 225 index witnessed a decline of 2.2%, reaching 38,820.49. On the other hand, Hong Kong's Hang Seng rose by 1.4% to 16,574.65, and the Shanghai Composite saw a slight increase of 0.2% to 3,052.38.

In other parts of Asia, South Korea's Kospi fell by 0.8% to 2,659.53, and Australia's S&P/ASX 200 dropped by 1.8% to 7,704.20.

Regarding commodities, US benchmark crude oil lost 42 cents, reaching $77.59 per barrel in electronic trading on the New York Mercantile Exchange, after falling 92 cents to $78.01 a barrel on Friday. Brent crude oil, the international standard, declined by 34 cents to $81.74 per barrel.

In currency markets, the US dollar weakened against the Japanese yen, falling to 146.99 from 147.07 yen. The euro also saw a slight decrease, dropping to $1.0936 from $1.0941.


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